KCR is dedicated to achieving successful outcomes in high-stakes securities actions,including shareholder class-action litigation; shareholder derivative actions; merger-and-acquisition litigation; investigations and enforcement actions by the Department of Justice, the Securities and Exchange Commission, the Financial Industry Regulatory Authority and other federal, state and non-U.S. regulators; and internal investigations conduced by corporations and their boards of directors. Our extensive experience allow us to represent a wide range of clients, from large corporations to individuals.
Achieved a $15.05 million settlement in action alleging defendants concealed a chronic and systematic breakdown of internal accounting controls at Global Energy Markets, the company’s newly acquired energy trading subsidiary.
Represented plaintiffs alleging that AMF Bowling Centers’ failed to disclose serious risks posed by the continuing decline in participation at its bowling alleys and that AMF’s reported financial results were false and misleading. During the course of the litigation, the company filed for bankruptcy protection. Settled for $20 million comprised of two settlements, $12 million from the Investment Bank Defendants and $8 million from the Individual Defendants.
Represented plaintiffs alleging that Constar, certain of its officers and directors, the co-lead underwriters of the IPO, and Constar’s former parent company, Crown Holdings, Inc., formerly known as Crown Cork & Seal Company, Inc. violated Sections 11 and 15 of the Securities Act of 1933 (the “Securities Act”), 15 U.S.C. § 77k and 77o. Acheived a settlement of $23.5 million.
Represented plaintiffs alleging false and misleading statements and omissions of material facts concerning a proposed merger, pursuant a merger agreement, between Hexion, as the buyer, and Huntsman, as the seller, in which Hexion purchased all of the common stock of Huntsman for $28 per share, in cash. Achieved a settlement of $18 million.
Achieved a $25 million settlement on behalf of the class of plaintiffs alleging that defendants knew but did not disclose material information concerning excess inventory of Motorola cell phones held by Motorola’s domestic customers.
Universal Access, Inc.
Represented plaintiffs alleging defendants made misrepresentations about Universal Access’ financial statements, achieved an $11 million settlement.
Represented plaintiffs alleging that defendants made false and misleading statements about the company’s business and financial results, achieving a court-approved settlement worth $78 million.